diff --git a/CMakeLists.txt b/CMakeLists.txt
index 039f39432..e9f2d5537 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -18,7 +18,7 @@ cmake_minimum_required(VERSION 3.22.0)
 project(
     ntf-core
     VERSION
-        2.4.8
+        2.5.0
     DESCRIPTION
         "NTF Core"
     HOMEPAGE_URL
diff --git a/groups/nts/ntsscm/ntsscm_versiontag.h b/groups/nts/ntsscm/ntsscm_versiontag.h
index 20cf81d17..53cc6abdf 100644
--- a/groups/nts/ntsscm/ntsscm_versiontag.h
+++ b/groups/nts/ntsscm/ntsscm_versiontag.h
@@ -31,12 +31,12 @@ BSLS_IDENT("$Id: $")
 /// NTS release minor version.
 ///
 /// @ingroup module_ntsscm
-#define NTS_VERSION_MINOR 4
+#define NTS_VERSION_MINOR 5
 
 /// NTS release patch version.
 ///
 /// @ingroup module_ntsscm
-#define NTS_VERSION_PATCH 8
+#define NTS_VERSION_PATCH 0
 
 /// Construct a composite version number in the range [ 0 .. 999900 ] from
 /// the specified 'NTS_VERSION_MAJOR' and 'NTS_VERSION_MINOR' numbers
diff --git a/targets.cmake b/targets.cmake
index 10630a97a..8f8e30de1 100644
--- a/targets.cmake
+++ b/targets.cmake
@@ -19,7 +19,7 @@ ntf_repository(
     NAME
         ntf-core
     VERSION
-        2.2.4
+        2.5.0
     PATH
         ${CMAKE_CURRENT_LIST_DIR}
     URL